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775 E Ramsey St 4,022 SF 1% Leased Retail Building Banning, CA 92220 $3,500,000 ($870.21/SF) 7.01% Cap Rate
Investment Highlights
- High Image Freeway-visible Monument Signage
- Large lot for additional development
- Prime location with National tenant, Yoshinoya
- Newly constructed retail property (2024)
- High-traffic corridor with strong consumer exposure
Executive Summary
Located on a highly visible 2.35-acre signalized corner with direct access to the I-10 Freeway, this newly constructed 4,022 SF retail center was completed in 2024.
The property is partially leased to Yoshinoya (2,022 SF), a national drive-thru tenant, generating $18,000/month under a gross lease. The remaining ±2,000 SF (Unit 2) is available for lease at $3.10/SF Modified Gross, and is ideal for food & beverage, convenience retail, or service-oriented users.
A key feature of the property is its highly prominent, freeway-visible monument signage, offering exceptional branding exposure to constant I-10 traffic—an extremely valuable asset for both the existing tenant and future occupants.
Zoned HSC (Highway Serving Commercial), the site supports a wide range of commercial uses including retail, restaurant, hospitality, grocery, and shopping center development. The property also benefits from prior hospitality-related approvals and existing utility connections, providing strong development flexibility and reduced entitlement risk.
With strong freeway visibility, corner positioning, and significant signage exposure, the site offers both immediate income and long-term redevelopment upside.
The offering is also SBA loan eligible with over 50% owner-occupancy potential, making it well-suited for both investors and owner-users seeking stable cash flow and long-term growth in the Inland Empire.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$290,400
|
$72.20
|
| Other Income |
$2,000
|
$0.50
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$292,400
|
$72.70
|
| Taxes |
$26,228
|
$6.52
|
| Operating Expenses |
$20,712
|
$5.15
|
| Total Expenses |
$46,940
|
$11.67
|
| Net Operating Income |
$245,460
|
$61.03
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $290,400 |
| Annual Per SF | $72.20 |
| Other Income | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.50 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $292,400 |
| Annual Per SF | $72.70 |
| Taxes | |
|---|---|
| Annual | $26,228 |
| Annual Per SF | $6.52 |
| Operating Expenses | |
|---|---|
| Annual | $20,712 |
| Annual Per SF | $5.15 |
| Total Expenses | |
|---|---|
| Annual | $46,940 |
| Annual Per SF | $11.67 |
| Net Operating Income | |
|---|---|
| Annual | $245,460 |
| Annual Per SF | $61.03 |
Property Facts
Amenities
- 24 Hour Access
- Corner Lot
- Freeway Visibility
- Restaurant
- Signalized Intersection
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Yoshinoya
- Accommodation and Food Services
- 2,022 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Yoshinoya | Accommodation and Food Services | 2,022 SF | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Newly constructed in 2024, this premier retail property is now available for lease and is strategically located adjacent to Yoshinoya, a well-established national brand. The site offers ample parking, excellent accessibility, and a highly desirable location with immediate proximity to the Interstate 10, providing exceptional visibility and exposure. The property is further enhanced by prominent monument signage, maximizing brand presence and customer awareness. Zoned HSC (Highway Serving Commercial), the site supports a wide range of commercial uses including retail, restaurant, hospitality, grocery, and shopping center development.
| Space | Size | Space Use | Position | Available |
| 2 | 2,000 SF | Retail | - | Now |
2
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Newly constructed in 2024, this premier retail property is now available for lease and is strategically located adjacent to Yoshinoya, a well-established national brand. The site offers ample parking, excellent accessibility, and a highly desirable location with immediate proximity to the Interstate 10, providing exceptional visibility and exposure. The property is further enhanced by prominent monument signage, maximizing brand presence and customer awareness. Zoned HSC (Highway Serving Commercial), the site supports a wide range of commercial uses including retail, restaurant, hospitality, grocery, and shopping center development.
Property Taxes
| Parcel Number | 541-150-030 | Total Assessment | $1,898,336 (2025) |
| Land Assessment | $957,168 (2025) | Annual Taxes | $26,228 ($6.52/SF) |
| Improvements Assessment | $941,168 (2025) | Tax Year | 2026 |
Property Taxes
Presented by
775 E Ramsey St
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